How many states actually have a minimum wage below $8 per hour?Working part time for less than $8 per hour is not a living wage for anyone.
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How many states actually have a minimum wage below $8 per hour?Working part time for less than $8 per hour is not a living wage for anyone.
Because that is the agreement made. Before I invest my money in your business, we have to have an agreement that I am entitled to profits. It appears those who depend on their business to succeed value investors more than you do.Why do investors feel entitled to profits? Investing isn’t work.
How many states actually have a minimum wage below $8 per hour?
It doesn't matter what the federal minimum wage is, what matters is what people are actually getting paid.The federal minimum wage is $7.25 per hour.
If so many jobs were created during the Obama years, why was the unemployment rate so high?
U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years
Exactly! It is much easier to bring the Unemployment rate from 10% to 5% (pre recession rates) than it is to bring it from 5% to 3%.Ummm...because that’s the best time to create jobs...!?
Good grief...
Exactly! It is much easier to bring the Unemployment rate from 10% to 5% (pre recession rates) than it is to bring it from 5% to 3%.
Pulling money out of an investment that hasn’t returned anything yet just causes the investor to lose money. Buying high and selling low is a fool’s game.True! And if the company does not provide a return on investments, the investors will pull their money out and put it somewhere else and the company will go out of business. So it is very important to a company to provide as much of a return on investment as possible
Investments without demand are an enormous gamble. A company whose growth comes solely from investments is a Ponzi scheme.Investments allow the company to grow. Growth allows more labor and profits.
Only when there’s demand in the first place, which is less likely when wages are low. The cost of goods is never 100% tied up in labor, and it keeps going up anyway, so wages absolutely must go up at the very least to match inflation and the cost of living, otherwise you’re actually driving demand down by keeping wages stagnant.No, higher wages drives up the cost of production resulting in higher prices of products which drives down demand.
Of course it’s true! And when they don’t stop, revolutions happen. If the working class doesn’t get some sort of compensation to ease the cost of living from their employers, they’ll demand it from the government, which will provide it with taxes that disproportionately affect the investor class. Pick your poison.If that were true, investors wouldn’t demand the lion’s share of profits!
And you need labor for profits, so it’s in your interest to keep labor satisfied. The very least you can do is provide cost of living pay increases.No, the less you pay your labor the lower you can afford to sell your product which increases the pool of potential customers for you.
But then; the less you pay your laborer the more likely he will quit and go somewhere else also.
That’s not how investment works. You’re entitled to a share of the profits IF the company as a whole turns a profit. A company that pays dividends to investors without turning a profit will run out of funds. It’s like you’ve never heard of volatile markets, recessions, depressions, and crashes.Because that is the agreement made. Before I invest my money in your business, we have to have an agreement that I am entitled to profits. It appears those who depend on their business to succeed value investors more than you do.
42% of the American workforce are *actually getting paid* less than $15/hr.It doesn't matter what the federal minimum wage is, what matters is what people are actually getting paid.
depends... do you live better than your parents did at your age? if so then times are goodTrump is reducing a planned 2.5% federal pay increase to 1%, citing a “national emergency or serious economic conditions affecting the general welfare” as justification. So which is it - is our economy the best its ever been, or are we facing "serious economic conditions"?
Trump Cuts Scheduled Federal Pay Raise, Citing “Serious Economic Conditions” in the Country
How many states actually have a minimum wage below $8 per hour?
Staying alive? There are people living in homeless shelters with no income at all staying alive!
It goes way beyond staying alive. Health care, what you wear, housing, utilities, you name it - there is so much more than just the literal definition of living to actually say you earn a living wage.
What is your definition of a "booming" economy?
It is not the number of jobs created. Many of them are part time, temporary, and not living wage jobs.
It is not the number of employed Americans. Many of them work part time and don't earn living wages.
I apologize if this sounds rude, but neither of those assertions are accurate.
Well then we need to redefine the living wage. A lot of that stuff (healthcare, housing, etc.) are things one should aspire to and work harder for. I mean if someone WANTS that sort of thing. But that isn't the problem of the corporations and the employers. They have made jobs and if people don't want to work for the wage they have they can always go find better jobs somewhere else.
I thought the tax cuts were going to pay for themselves and we were going to drive down the debt? Is that no longer the plan?
Anyone who thinks we have the best economy ever needs to learn what that really means. It requires the entire middle class population to earn a living wage and not having any trade deals that cause job losses. Until we get to that point, there will always be problems with the economy.